EMCOR Buys ECM Holding, Boosting Energy Efficiency Specialty Services Business
Portfolio Pulse from Lekha Gupta
EMCOR Group Inc (EME) has agreed to acquire ECM Holding Group, Inc, a company specializing in energy efficiency retrofit services. The deal, set to close in Q3 2023, will strengthen EMCOR's position in energy efficiency specialty services and expand its nationwide energy conservation and sustainability solutions portfolio. ECM's estimated revenues for 2023 total $60 million. EMCOR reported Q1 revenues of $2.89 billion, beating the consensus of $2.87 billion.
July 05, 2023 | 2:41 pm
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EMCOR's acquisition of ECM Holding Group will strengthen its position in energy efficiency services and expand its portfolio. This could potentially increase EMCOR's revenues and market share in the long term.
The acquisition of ECM Holding Group, a company specializing in energy efficiency retrofit services, will allow EMCOR to expand its portfolio and strengthen its position in the market. This could potentially lead to increased revenues and market share for EMCOR in the long term.
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